Jerry Seib: Is Extending the Iran Talks a Political Risk?

This transcript has been automatically generated and may not be 100% accurate.

... so the dust to settle the little bit now from the news this week that the of the Obama administration its international partners have agreed to a seven month extension of that negotiations with Iran over its nuclear program the talks aimed at preventing the Iranians from getting a nuclear weapon ... so think is possible to step back now on ask one of the political opportunities in the political risks ... for the Obama administration in this move what says there are two reasons it ministrations thinks they can I can take the extra time here to get this done one is that from this pointed to the economic sanctions that have forced Iran to negotiate a won the first place ... are pretty much holding they believe the international partners ... it's really U S players are abiding by the sanctions is squeezing Iran ... in the sector leaders in the squeeze is getting tighter the administration thinks because oil prices around the world are dropping ... that means that the oil that Iran is able to sell now on to the sanctions is worth last ... their start to feel the squeeze short-term potentially long term ... so what are the what's the risk or the main risk I think lies in the U S Congress right now where people are impatient there's a senators from both parties and Connor's bed members of the house from both parties who dont wanna wait seven months they won a move that now and impose more economic sanctions on Iran ... not wait for the conclusion these talks to act further ... and it missed ration worries that that would undermine the negotiating process possibly blow up ... that the whole negotiating process ... and give hardliners in Iran an excuse to say see we told you the U S wasn't going to do with us in good faith ... I think the key here to watch the next few days is the nature of the agreement the US and Iran have reached to extend these talks and with the Iranians have agreed ... to allow an that an extension agreement some additional transparency so that the ... outside world can look inside and see this I can use this extension to simply advance its nuclear program but in fact will I will run in place while the policy plays out we should know more in the next couple of days ...